Funded $3,500,000
Funded Quickly
Assisted Renovation
A coastal five-star resort, this company gives you an unmatched experience. From the golf course to the spa, to dinner at one of ten dining options on-site, this location is designed to give you a relaxing, rejuvenating experience you won’t soon forget. “Live” music at sunset, complimentary yoga and fitness classes are designed to engage your senses and revive you.
A world-class hotelier needed financing to cap off a major renovation, including software upgrades, and their private equity financiers and banking relationships had too much exposure. The customer was on a short timeframe and needed the financing to place the newly renovated property into service by month’s end. Onset Financial’s operations team turned around documentation quickly on a $3.5M operating lease that gave the customer the financing to complete their project and the off-balance sheet treatment they desired. This transaction underscores the fast turnaround time we offer our customers at Onset Financial.
Quick turnaround was crucial to get this exclusive resort up and running after a major renovation project. Software financing is always a challenge. Onset was able to come through.
